A non-direct manual trade of 312,000 shares of BABA-W (09988) was registered at 2:36p.m.
The deal amounted to HK$33.13m, or at HK$106.2 per share, 2.9% higher than previous close.
BABA-W is now trading up 2.81% to HK$106.1, with 93.24 million shares of HK$9.86b changing hands.